Financial Reporting and Municipal Bond Ratings
Journal of Accounting Auditing and Finance, Winter 1982 5(2): 144-153
Posted: 16 Jul 2014
Date Written: Winter 1982
Given the "pervasive and powerful influence" of published ratings, an attempt was made to explain municipal bond ratings using information normally obtainable from financial reports. It appears that rating assignments are more closely associated with the flow of liquid financial resources from operations than the "total flow of resources" statement generated by current GAAP.
Keywords: Governmental Financial Reporting, Bond Ratings, flow of financial resources
JEL Classification: M41
Suggested Citation: Suggested Citation